Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Until March 13, energy stocks were a total kick on the short side. Since then, they’ve been clawing their way back, right alongside crude oil. I have no interest in shorting crude, but as we approach the key gap I’ve pointed out below, I’m more and more interested in getting back into the short side of energy stocks.
I’ve already in a few energy positions right now; namely: BP, CLR, CSIQ, DOV, FSLR, GPOR, HFC, IOC, NBL, OKE, SM, and WPZ.
As for my portfolio in general, I amped things up Tuesday. I went from 52 short positions to 75. Let’s see what effect, if any, the Fed Minutes have on Wednesday. The meat of any move may not take place until we get a critical mass of earnings reports over the next few weeks.
The broader stock market has been moving higher in fits and starts. The market’s primary trend continues to point upwards, although there has been a noticeable change in character. Periods of weakness are sharper with a larger number of shares being distributed than before.
Here is my Watch List of stocks poised for Breakout: AAPL, BRO, JBL, MBI , PB. Click on any chart to see a bigger version.
By Sinisa Persic, TraderHR.com
It’s a pretty ho-hum day so far; as I’m typing this, the IWM is, as Tom likes to say, “massively unchanged.” Here’s one idea to consider – shorting KB Home, which has been lurching through a series of lower highs and is at what I consider an attractive shorting price now.